Consider that its recommended policy changes would see nearly 98% of pensioners gain $6,000 in income, the overall pool of pension income increase to $14bn a year, and government spending on the pension reduce by $14.5bn.
Growing pools of pension fund savings in Australia have raised the amount of cash that can be invested.
And there are huge pools of pension and 401(k) money looking for diversification in the face of a high-priced stock market.
Legal & General said today: "We expect pension savings, and hence the total pool of DC pension savings assets to grow".. Partnership Assurance Group, a specialist annuity provider for people with health difficulties, saw shares fall 55% in London trading.
The case against is that the whole basis of pensions involves pooling risks, and that allowing those who've got reason to suspect that they won't make their 90s to spend their tax-privileged savings early will make it even costlier for those who will live for longer to secure a decent pension.
Lengthening life expectancy and slumping fertility rates are leaving a shrinking pool of workers to pay the costs of pensions and healthcare for rapidly greying populations.
The room is noisy and the décor is an odd mix of pool tiles, pension wallpaper, and Folies-Bergère light fixtures, but after an hors d'oeuvre or two — chickpea fries or stuffed sardines, for instance — it's easy to get swept away.
"When you follow the money in New York, the biggest pool of money is the state pension fund," Mr. Cuomo said.
TOKYO — Ever since a group of out-of-work samurai pooled their pensions to found Onoda Cement 130 years ago, the company has had its ups and downs: industrialization, a crippling war, Japan's postwar economic miracle.
More accountability, power and responsibility in tax affairs for Holyrood – though "the cost of pensions, welfare and health care should be pooled and shared, funded from UK taxes".
